Posted at 01 August 2025 / Categories Market Roundups
Market Roundup
• US Core PCE Price Index (YoY) (Jun): 2.8%, 2.7% forecast, 2.8% previous
• US Core PCE Price Index (MoM) (Jun): 0.3%, 0.3% forecast, 0.2% previous
• US Employment Benefits (QoQ) (Q2): 0.70%, 1.20% previous
• US Employment Cost Index (QoQ) (Q2): 0.9%, 0.8% forecast, 0.9% previous
• US Employment Wages (QoQ) (Q2): 1.00%, 0.80% previous
• US Initial Jobless Claims: 218K, 222K forecast, 217K previous
• US Jobless Claims 4-Week Avg.: 221.00K, 224.50K previous
• US PCE Price Index (YoY) (Jun): 2.6%, 2.5% forecast, 2.4% previous
• US PCE Price Index (MoM) (Jun): 0.3%, 0.3% forecast, 0.2% previous
• US Personal Income (MoM) (Jun): 0.3%, 0.2% forecast, -0.4% previous
• US Personal Spending (MoM) (Jun): 0.3%, 0.4% forecast, 0.0% previous
• US Real Personal Consumption (MoM) (Jun): 0.1%, -0.2% previous
•Canada Average Weekly Earnings (YoY) (May): 3.31%, 4.26% previous
•Canada GDP (MoM) (May): -0.1%, -0.1% forecast, -0.1% previous
•Canada GDP (MoM) (Jun): 0.1%, -0.1% previous
•US Dallas Fed PCE (Jun): 3.40%, 2.00% previous
•US Chicago PMI (Jul): 47.1, 41.9 forecast, 40.4 previous
•US Natural Gas Storage: 48B, 37B forecast, 23B previous
•US 4-Week Bill Auction: 4.290%, 4.245% previous
•US 8-Week Bill Auction: 4.290%, 4.265% previous
Looking Ahead Economic Data(GMT)
• 00:30 Japan au Jibun Bank Manufacturing PMI (Jul) 48.8forecast,50.1 previous
Looking Ahead Events And Other Releases(GMT)
•No Events Ahead
Currency Summaries
EUR/USD : The euro edged higher against dollar as Investors await more trade clarity from August 1 deadline. Trump gave Mexico a 90-day reprieve from higher tariffs to negotiate a broader trade deal but was expected to issue higher final duty rates for most other countries as the clock wound down on the Friday deadline.Earlier in the day, an economic data release showed U.S. inflation increased in June as tariffs on imports started raising the cost of some goods, supporting economists' expectations that price pressures would pick up in the second half of the year.Thursday's data also showed fewer-than-expected Americans applied for unemployment benefits, while second-quarter U.S. labor costs increased slightly more than expected on a pick-up in wage growth. For the day, the dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.26% to 100.05.The euro was up 0.08% at $1.1413. Immediate resistance can be seen at 1.1602(38.2%fib ), an upside break can trigger rise towards 1.1652(SMA 20).On the downside, immediate support is seen at 1.1399(50%fib), a break below could take the pair towards 1.1313(Lower BB).
GBP/USD: Sterling edged lower on Thursday as stronger dollar and mounting concerns over Britain’s economic prospects weighed on pound. Dollar gained against peers after data showed US inflation picked up in June; consumer spending rose moderately. U.S. data this week, including Q2 growth and employment figures, has highlighted a stronger US economic outlook compared to the UK’s weaker data.In contrast, the UK’s recent data has painted a much gloomier picture, with slowing growth, weakening consumer demand, and persistent inflation concerns weighing on the outlook. The Bank of England is expected to cut interest rates next week, but a likely three-way split among policymakers highlights the conflicting risks facing Britain's economy. Some members of the Monetary Policy Committee are pushing for aggressive cuts to counter a weakening labour market, while others remain concerned about lingering inflationary pressures. Meanwhile, a majority appears to support a more gradual approach, aiming to balance the competing threats of inflation and slowing growth.. Immediate resistance can be seen at 1.3387(50%fib), an upside break can trigger rise towards 1.3472(SMA 20).On the downside, immediate support is seen at 1.3218(61.8%fib), a break below could take the pair towards 1.3138(Lower BB).
USD/CAD: The Canadian dollar weakened to a two-month low against its U.S. counterpart on Thursday, pressured by diverging monetary policy expectations and signs that a trade deal between the U.S. and Canada is growing less likely.U.S. President Donald Trump has intensified his trade war with Canada ahead of his August 1 deadline for a tariff agreement, saying it would be "very hard" to make a deal with Canada after it gave its support to Palestinian statehood. Canada sends about 75% of its exports to the United States. Its gross domestic product decreased by 0.1% in May on a monthly basis, matching expectations, weighed by contraction in the retail trade sector.The loonie was trading 0.1% lower at 1.3845 per U.S. dollar, or 72.23 U.S. cents, after touching its weakest intraday level since May 29 at 1.3856. For the month, the loonie was down 1.7%.. Immediate resistance can be seen at 1.3882( 50% fib), an upside break can trigger rise towards 1.3934 (Higher BB).On the downside, immediate support is seen at 1.3749(38.2%fib), a break below could take the pair towards 1.3721(SMA20).
USD/JPY: The U.S. dollar rose against the yen on Thursday, supported by easing global trade tensions and signs of continued economic strength in the U.S. President Trump announced a 90-day extension of the current trade agreement with Mexico, allowing further negotiations aimed at finalizing a new deal. This development came a day after he imposed fresh tariffs on imports from Brazil and South Korea, just ahead of a deadline for higher U.S. tariffs. Meanwhile, inflation ticked higher in June, with the PCE price index up 0.3%, following a revised 0.2% increase in May, as import duties began to lift prices. Markets are now focused on Friday’s U.S. non-farm payrolls report for further guidance on the Federal Reserve's next move. Immediate resistance can be seen at 149.32(38.2%fib)an upside break can trigger rise towards 150.09(Higher BB) .On the downside, immediate support is seen at 148.60(Daily low)a break below could take the pair towards 147.63(SMA 20).
Equities Recap
European shares ended at their lowest level in over a week on Thursday, weighed down by disappointing earnings from companies like Sanofi and Ferrari, while beverage stocks fell on news of a 15% U.S. tariff.
UK's benchmark FTSE 100 closed down by 0.05 percent, Germany's Dax ended down by 0.81 percent, France’s CAC up by 1.41 percent.
U.S. stocks closed lower on Thursday as early gains faded, with investors digesting mixed corporate earnings and economic data.
Dow Jones closed down by 0.74% percent, S&P 500 closed down by 0.37% percent, Nasdaq settled down by 0.03% percent.
Commodities Recap
Gold climbed on Thursday as tariff uncertainty ahead of President Trump’s August 1 deadline drove demand for safe-haven assets.
Spot gold rose 0.6% to $3,294.56 per ounce by 1:54 p.m. ET, after gaining over 1% earlier in the day.
Oil prices fell on Thursday as uncertainty over trade negotiations weighed on sentiment ahead of President Trump's August 1 tariff deadline, pressuring investor confidence.
Brent crude futures for September expired on Thursday and settled down 71 cents, or 0.97% to $72.53 a barrel. U.S. West Texas Intermediate crude for September settled down 74 cents, or 1.06%, to $69.26. U.S. crude futures fell more than $1 earlier in the session.